Retirement plan

THE BRIGHTVIEW SENIOR LIVING 401(K) PLAN

Name: BRIGHTVIEW SENIOR LIVING, LLC - THE BRIGHTVIEW SENIOR LIVING 401(K) PLAN (2023) Form 5500
Creator: BRIGHTVIEW SENIOR LIVING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BRIGHTVIEW SENIOR LIVING 401(K) PLAN, BRIGHTVIEW SENIOR LIVING, LLC

BRIGHTVIEW SENIOR LIVING, LLCEIN 52-2124576Plan #001PY 2023

218 NORTH CHARLES STREET, SUITE 220 - BALTIMORE, MD 21201410-962-0595brightviewseniorliving.comLinkedIn5001-10000 employeeshospital & health care

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$87.6M

+27.0% from 2022

Total participants

5,639

+5.8% from 2022

Average account balance

$15,779

+19.4% from 2022

Annual return

19.01%

+34.82 pp from 2022

Benchmarks

See 138 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort138 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$103.10M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$17K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

5,984

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.19%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$74

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Claims processing; Direct payment fro...	$377,604
STOUT, CAUSEY & HORNING, P.A.6+ years Service code 10 · EIN 52-1743645	Accounting	$20,150
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2K2S2T3H

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$401K

$86 / participant

Recordkeeping$378K94.1%
Other / not subdivided$24K5.9%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SC&H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: $20,150
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,779

$50,574-68.8%

$169,397-90.7%

$80,169-80.3%

Participation rate

98.1%

67.8%+30.3pp

77.2%+20.9pp

72.9%+25.1pp

Annual return

19.01%

22.92%-3.9pp

406.23%-387.2pp

40.39%-21.4pp

Employer contribution / active EE

$482

$1,693-71.5%

$4,013-88.0%

$2,978-83.8%

Participant deferral / active EE

$2,234

$4,164-46.3%

$6,223-64.1%

$5,016-55.5%

Admin fee / account holder

$72

$107-32.3%

$9,017-99.2%

$145-50.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Claims processing; Direct payment fro...

$377,604

STOUT, CAUSEY & HORNING, P.A.6+ years

Service code 10 · EIN 52-1743645

Accounting

$20,150

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

THE BRIGHTVIEW SENIOR LIVING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BRIGHTVIEW SENIOR LIVING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion